| Number borrowers | 112,789 |
| Loan Amount (range) | BOB 100 - 15,000 |
| Loan Term (range) | 5.3 - 11.3 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, Servicios de Salud a través de alianzas estratégicas |
| Annual Interest & Method | 34.0%-36.0% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.0% upfront 20.00% ongoing |
| Range of pricing | |
| Interest Price Component | 16.3% - 36.0% |
| Fee Component | 0 |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 50.6% - 51.4% |
| Transparency Index (min/max) | 51 - 101 |
| Transparency Index (average) | 66 |
| 339 |
| KES 50,000 - 200,000 |
| 3 - 18 |
| Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
| 22.0% annual, Flat |
| 2.00% upfront |
| 2.50% upfront |
| None |
| 15.0% upfront 200.00 ongoing |
| 13.7% - 40.7% |
| 0 - 10.7% |
| 0 - 9.3% |
| 0 |
| 64.0% - 77.2% |
| 14 - 61 |
| 31 |
| Outstanding portfolio (BOB) | BOB 341,588,459 |
| Portfolio (USD) | USD 50,605,697.63 |
| Active Clients with Loans | 112,789 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | Servicios de Salud a través de alianzas estratégicas |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 9 |
| # Regions for this product | 9 |
| Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
| Outstanding portfolio (KES) | KES 17,553,993 |
| Portfolio (USD) | USD 212,004.75 |
| Active Clients with Loans | 339 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Central, Eastern, Nairobi, Rift Valley |
| Currency | BOB |
| Minimum loan size | BOB 100 |
| Maximum loan size | 15,000 |
| Loans less than BOB 10,000 | 90% |
| BOB 10,000-40,000 | 10% |
| BOB 40,000-70,000 | 0 |
| BOB 70,000-100,000 | 0 |
| BOB 100,000-125,000 | 0 |
| Greater than BOB 125,000 | 0 |
| Shortest loan term | 5.3 months |
| Longest loan term | 11.3 months |
| Approx average | 8.3 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 80% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | KES |
| Minimum loan size | KES 50,000 |
| Maximum loan size | 200,000 |
| Loans less than KES 50,000 | 60% |
| KES 50,000-150,000 | 40% |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 40% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 30% |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 34.00% |
| Highest quoted nominal interest | 36.00% |
| Reason(s) why interest rate varies | Time as Client |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 0.50% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 22.00% |
| Highest quoted nominal interest | 22.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Application Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 200 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 0.33% |
| Maximum interest rate paid | 0.50% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | BOB 1,000 | BOB 4,000 | BOB 5,500 | BOB 8,000 | BOB 10,000 | BOB 13,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-11-18 | 2013-11-18 | 2013-11-18 | 2013-11-18 | 2013-11-11 | 2013-11-12 | |||||
| Loan Term (Months) | 7.0 months | 7.0 months | 7.0 months | 7.0 months | 5.6 months | 11.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
| Total Cost of Credit | BOB 129.45 | BOB 519.43 | BOB 715.24 | BOB 1,039.67 | BOB 1,002.44 | BOB 2,484.47 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 36.0% | 36.0% | 36.0% | 36.0% | 36.0% | 36.0% | |||||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 15.3% | 15.3% | 15.3% | 15.2% | 14.6% | 15.4% | |||||
| Full APR (int fee ins tax dep) | 51.3% | 51.3% | 51.3% | 51.2% | 50.6% | 51.4% | |||||
| Transparency Index | 66 | 66 | 66 | 66 | 67 | 66 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 50,000 | KES 100,000 | KES 200,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-06-14 | 2013-06-19 | 2013-06-27 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 18.0 months | ||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.4 months | ||
| Total Cost of Credit | KES 13,250 | KES 26,500 | KES 75,000 | ||
| True Price by Comp | |||||
| Interest price component | 38.8% | 38.8% | 39.0% | ||
| Fee Component | 4.1% | 4.1% | 3.0% | ||
| Insurance Component | 5.2% | 5.2% | 3.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 29.1% | 22.1% | 18.3% | ||
| Full APR (int fee ins tax dep) | 77.2% | 70.2% | 64.0% | ||
| Transparency Index | 29 | 31 | 34 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
| # Products | |
| # Institutions | |
| # Countries | |
| # Borrowers | |
| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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